ANALYST: ALTCOIN SEASON has almost arrived - page 5.

poornamelessme

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Quote from: Patrix_1 on October 29, 2019, 01:06:48 PM

For the past two years, I cannot count how many time the market had an uptrend, but nothing really happened. Only BTC rose and made x3 science the beginning of this year, but all other altcoins have not moved from their spots.

Outside of isolated coins, that's pretty much how it has played out. It's been around a 7-8 month alt bear market compared to btc. And around 2 years of an overall bear market.

I wouldn't expect a new altcoin season to happen anytime soon, but this last btc rise was a little different than recent ones. At least this time alts didn't completely crumble when btc did its hike thing, like it did all summer. Alts recovered at least somewhat, some actually outpaced btc.

So if we pretend alts already hit their bottoms, it may play out similar to 17-18 in regard to btc-alt ratios. BTC goes up, alts sink, alts slowly regain and chugs along with btc. Now that means over time they will rise too, some a little higher than btc, some a bit lower, but at least they keep pace more or less. That's what happened in 17-18, then alts did the crazy thing after btc hit its ath. I don't expect the crazy altcoin season to occur again, but so long as alts keep pace, it could still prove to be profitable.

For pure junk coins I wouldn't expect them to keep pace at all, top 100 or so coins, maybe. We'll see. It's been pretty difficult to get a read on the market.

Patrix_1

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For the past two years, I cannot count how many time the market had an uptrend, but nothing really happened. Only BTC rose and made x3 science the beginning of this year, but all other altcoins have not moved from their spots.

CjMapope

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Quote from: conex on October 25, 2019, 10:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

i could agree with this
markets take accumulation phases before whales makes waves, last few months has been accumulation
just stay away from PoW coins, if they pump, miners will just switch over ad kill price again Tongue

haha
everyone just wants to call the "winter pump" repeat like 2017 so they can be twitter guru Tongue

Tipstar

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Quote from: conex on October 25, 2019, 10:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

There are so many analyst and experts in the crypto and that they are wrong most of the times. It's been a year that people are predicting a price above $20K to $1M but we've seen they were just blind guesses without any reasons to back. I don't mean to say we won't have a bull run but the more we advertise for the pumps and dumps, the slower the bull run would come.

samcrypto

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Quote from: conex on October 25, 2019, 10:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

Dumping altcoins is the season they are referring for? We are still down and its hard to say that the pumping season has finally arrived because of so many instances. We will still go for a roller coaster ride, head and shoulder and we will see more altcoins to die because of the market situation. If the altcoins season has finally here, we should continue to buy them.

boltz

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Don't you get tired guys to call altcoin season every day ? Just because altcoins went up 5% doesn't mean we're going to see altcoin season too or anytime soon. Also if you go on twitter and you search about altcoins you will see some members who are posting misleading info every day in order to make users to buy shitty coins.

The bitcoin dominance is still high and I think it will climb more in the next weeks as we're witness the end of the bear market ( or this is what I hope ) so altcoins may take another drop in price as for now they're rising in $ and they loose position into BTC. We should have learned that predicting something into crypto world its almost impossible so patience its kinda the only weapon we have in order to secure profits.

In the end , I still remember that we have threads predicting an altcoin season since January 2019 and here we are 2 months until the end of 2019 without any significant rising for altcoins.

Mammothcoin

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Analysts have been predicting an auction season for a while now. Although I remain optimistic as I have a rather substantial altcoin holding, I do think the auction season may take longer to manifest than is projected as a result of this unpredictable price action with BTC.

poornamelessme

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Quote from: DarkDays on October 25, 2019, 02:07:13 PM

Well, Dogecoin only climbed 2% after today's epic pump.

Doesn't really sound like altseason to me yet.

In any case, this alt season won't be like 2017's. I expect that if altseason does come, then it will only favor the strongest altcoins, while the ones beyond rank 50 or so will continue to fall into obscurity.

All eyes on Monero.

I'm curious if most just look at coinmarketcap, see green, and then think their coin is improving. Now against fiat of course it means it is, but as far as altcoin season goes, against btc is where it matters.

If we look at alts today against btc, it's mostly a sea of red. Strangely folks holding alts may have been better off yesterday or if btc fell even further, if their goal is to make btc, that is.

I'm seeing doge at -8% against btc today. That certainly isn't something that signifies an altcoin season.

enhu

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It doesn't mean the price has to beat the ATH to have an altseason, you just have to profit trading altcoins. In my experience I think altcoins had also hit the bottom and most likely going to go up if there is just no bad news from the team. The tops coins are looking good today, it could be red again tomorrow so this could go on for the next months til the market does what ever it does. I'm all bullish for long term.

joseyphil82

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A sign of market recovery doesn't mean it will recover, there is a big difference and its not the first time we will see such sign of recovery that ends up disappointing, right now i'd better stay focus on upcoming good projects that can worth investing on instead of hoping for something that might never happen soon

DarkDays

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Well, Dogecoin only climbed 2% after today's epic pump.

Doesn't really sound like altseason to me yet.

In any case, this alt season won't be like 2017's. I expect that if altseason does come, then it will only favor the strongest altcoins, while the ones beyond rank 50 or so will continue to fall into obscurity.

All eyes on Monero.

bigcash2011

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For me it will largely depend on the impact of btc halving both pre and post halving, if we saw a surge in market cap like 5x to 10x then we can expect massive alt season when btc will peak and the volume will transfer to alts from btc.

poornamelessme

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If an altcoin season does arrive, I'm not so sure it'll occur this year. Perhaps during the next month or two we'll see some improvement, but it won't be like past alt seasons. Reason is, btc dominance is simply too high and btc has been way too volatile.

I also don't look at altcoin season simply as alts rising in fiat. I mean if btc goes up 10% and alts go up 5%, that's certainly not an altcoin season ... it just means you should be holding btc instead of alts. What we'd need to see is alts increase against btc.

That can either occur if btc crashes back down low, and then stays stable or slowly increases, or btc at least picks a number and sticks with it for a month or two.

But right now btc acts like its bipolar, one day it's up, next day it's down ... alts won't really increase against that type of environment.

Willitivity

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The market is just showing signs of recovery, this doesn't entirely translate to a bull run or altseason per say. But if it can be maintained with more uptrend then we can now be hopeful of something good coming. Best bet now is to watch the market, take some profits if any and see how things goes from here.

o48o

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I haven't watched weekly like the charts on the article to see how they are playing out now, but on monthly closed, the the projections already got rekt -> https://www.tradingview.com/chart/TOTAL2/UF3PWa45-Altseason-is-near-Prepare-to-deal-with-the-euphoria/

watergold

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I do not think so this is not the altcoin season and this will only be temporary, this recovery I think will not be long if the market goes back down, altcoin will be even worse, even though bitcoin goes up high it will not be affected to altcoin.

shinratensei_

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Quote from: conex on October 25, 2019, 10:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

You should not believe what has already said by speculators. I have heard so many speculations that said the altcoin is coming very soon but a year has already passed and nothing happened. This called a recovery phase when bitcoin goes back again to the its previous place before the bearish market happened. You can't call any uptrend will be related to the altcoin season.

I will never believe the speculators and just try to take real indicators as the best source to determine or at least create a little speculation about the next trend in the cryptocurrency.

That speculator is trying to create FOMO. But people are so smart these days. The green candle of whole altcoins caused by bitcoin and there's no reason to call that we are so close with altcoin season.

IvugeoEvolutionCoin

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Quote from: conex on October 25, 2019, 10:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

The very moment there is any uptrend in the market, you see so many self acclaimed market analysts putting up many predictions. The next moment there is a downtrend, they hide their faces. The little green should not get us carried away, although I hope it keeps going up. BTC just made about 12% gain, ETH about 9%, XRP about 6% and BCH 13% within 24hours and it's a good sign. This doesn't mean altcoin season has almost arrived buddy.

takngantuk

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Quote from: Bttzed03 on October 25, 2019, 12:03:30 PM

I will just leave it here

Quote from: mk4 on October 25, 2019, 07:29:18 AM

Source: Twitter

oh shit, that's right. but come on let him be happy first, it might be a painkiller from losses on the market.

Things like this keep happening every time Altcoin goes up 5-10% on the market, many people say the Alt season is almost here. and see nothing has changed. LOL...

Bttzed03

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I will just leave it here

Quote from: mk4 on October 25, 2019, 07:29:18 AM

Source: Twitter

Topic: ANALYST: ALTCOIN SEASON has almost arrived - page 5. (Read 851 times)